Page 6 - Lesson Note 2
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(b) A service is inseparable from its source. That means we cannot separate the service from
the person providing the service;
(c) The services cannot be stored. They are highly perishable. For example, if a tailor does not
work for one week, the services he would have provided during such period go waste; and
(d) Services are highly variable as their type and quality depends on the person providing them.
That is why; there is a difference in the extent of satisfaction we get from the services provided
by different people.
INDUSTRIAL PRODUCTS
Industrial products are those products, which are used as inputs in producing other products.
The examples of such products are raw materials, engines, lubricants, machines, tools, etc.
In other words, industrial products are meant for non personal and business use for producing
other products.
